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in the house so it's got no chance whatsoever of becoming law, end quote. that's what i said back on july 25th. the only reason we ever allowed that vote on that proposal is i said at that time was that we knew it didn't pass constitutional muster. and the democrats were really serious, they would proceed to a revenue bill that originated in the house as the constitution requires and as i called on them to do again last week. to repeat, the so-called nate bill is nothing more than a glorified sense of the senate resolution. so let's put that convenient talking point aside from here on out. last night i told the president we'd be happy to look at whatever he proposes but the truth is we're coming up against a hard deadline here and, as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check or anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. that having been said, we'll see what the president has to propose. members on both sides of the aisle will
apart. a new law bans americans from adopting russian children. ng tom about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. >>> from what we surmise, this meeting at the white house between the president and congressional leaders is broken up. at least so far as nancy pelosi is concerned. you can see this tape. she obviously has left the meeting. john boehner, the speaker of the house, has also been seen leaving. so what we want to do is find out what is going on here. obviously we have our jessica yellin there and we will talk to her a little later about what she has learned. now, the fiscal cliff and these last-ditch talks is the only game in town. joining me for today's strategy session is roland martin and cnn cont
.c. laws in an interview with nra leaders? coming up next. >>> the syrian regime suffers another high level defection. lisa sylvester is monitoring that. >> well, syria's military police chief reportedly has fled to turkey on a scooter after plotting his escape for three weeks. in a video posted online, a man purporting to be the police chief accuses the government of carrying out massacres of innocent civilians and he says the military is nothing but armed gangs that kill. he says is he defecting to, quote, join the people's revolution. and the recovery in the housing market remains on pace. home prices rose 4.3% in october over last year, that is it the biggest percentage increase in more than two years. near record low mortgage rates and fewer foreclosures are helping spur sale which is in turn is boosting prices. and the world's longest high speed rail line is up and running and it's in, where else, china. the 1428 mile line spans more than half the country linking the capital of beijing to the southern chinese bloom city. trains will run at 186 miles per hour. >>> and civil rights icon
have the additional money with held from your paycheck, because the law changes, so that everyone's tax rates, this is assuming we do go over the cliff. everyone is facing a higher tax increase. not just bill gates, not just warren buffet, but anyone with an income over $25,000. and don't forget, the payroll tax goes up, too. >> so taking out for social security taxes -- no one is talking about it. that says to me, those are going back up anyway. those are about a thousand in cost -- so let me ask you, there is the actual what will happen on january first? and it doesn't sound like people will have to worry about their taxes, most people. but what about the psychological impact? haven't we already seen it in christmas buying? haven't we already seen it in hiring? wouldn't we continue to see it -- you know, won't consumer confidence take a hit? won't businesses still say i don't know, i don't know what is happening. >> already has, candy, you have seen it in this year's christmas shopping season was lackluster, at best. i talk to businesses who say we're not hiring right now. we're just
a lot better. joining us, the university of southern california law professor ed kleinbarg. previously surged on the joint congressional committee on joint taxation here in washington. practically speaking, let's assume the senate passes legislation tonight and tomorrow, the house of representatives narrowly gets 218 votes, they pass the exact same piece of legislation. having gone over the fiscal cliff technically, does that have any real substantive impact? >> no, wolf, it really doesn't and frankly, even if it gs a few days, congress can retroactively reduce taxes to january 1st and no one's going to be late off in the federal government on january 2nd or 3rd. we actually in my view have a few days. >> here's my concern, and i want ali to get involved in this conversation. here's my concern. the longer it's not worked out, the more likely it won't be worked out because all sorts of extraneous issues will come up and it's going to be more complicated. you worked in congress for a long time, ed, you agree or disagree? >> no, i agree, it becomes more difficult. and if it stretches late
Search Results 0 to 4 of about 5